Definition : Consumption disparity index

The consumption disparity index is a measure used to assess the unequal distribution of resources and goods among different groups within a society. It takes into account factors such as income, education, and access to basic necessities, and provides a numerical value that reflects the level of disparity between the most affluent and the most disadvantaged members of a population. This index serves as a crucial tool for policymakers and researchers in identifying and addressing issues of economic inequality and social justice.

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